Supply chain

Saudi Arabia has secured nine substantial agreements worth SR35 billion ($9.31 billion) at the Global Supply Chain Resilience Initiative forum in Riyadh. These deals are intended to boost global trade connections and diversify the Kingdom's economy. The agreements cover vital sectors such as copper smelting, aluminum production, and rare earth processing. These projects support the GSCRI's target of attracting SR150...

The Kingdom of Saudi Arabia has entered into nine significant investment agreements with foreign companies, totaling over SAR 35 billion ($9.32 billion), to bolster global supply chains. This move, reported by Reuters, is part of the Kingdom's Global Supply Chain Resilience Initiative (GSCRI). Saudi Minister Al-Falih highlighted that these agreements aim to improve access to essential materials, enhance local manufacturing...

Saudi Arabia's Economic Strategy RIYADH — The Minister of Industry and Mineral Resources, Bandar Alkhorayef, emphasized the significance of the National Initiative for Global Supply Chains in enhancing the Saudi economy. Speaking at the 28th World Investment Conference in Riyadh, Alkhorayef identified Africa, the Middle East, and Central Asia as key regions in mining, essential for global mineral supply. He...

Qara, a startup focused on supply chain technology in the MEA region, has successfully raised $2.6 million through a funding round spearheaded by strategic investors. This capital injection is set to enhance Qara's innovative digital ecosystem, which facilitates product authentication, connects various supply chain participants, and employs AI for informed decision-making. The funding will also aid Qara's expansion into Saudi...

Egyptian startup Qara has raised $2.6 million to expand its supply chain technology into Saudi Arabia, marking a significant step in its regional growth. Qara offers a digital platform that ensures product authentication and traceability throughout the supply chain, enhancing connectivity and providing data insights for businesses. Since its launch, Qara has collaborated with over 35 manufacturers, verifying more than...

Qara, a startup specializing in supply chain technology, has successfully raised $2.6 million in funding, led by key investors. This investment will support Qara's expansion into the Kingdom of Saudi Arabia (KSA), facilitated by the National Technology Development Program’s Relocate Initiative, which provides incentives and support for integration into KSA's tech sector. Qara offers a comprehensive digital platform that allows...

ewpartners, a pioneering international investment firm, has announced a substantial USD $50 million investment in Leshines, Lenovo's supply chain solutions provider, during the Future Investment Initiative (FII). This move aims to enhance local industrial growth and strengthen Saudi Arabia's position in global trade networks. Leshines, known for its innovative supply chain solutions, ranks among the top ten on Gartner's prestigious...

ewpartners, previously known as eWTP Arabia Capital, announced a significant $50 million investment in Leshines, Lenovo's supply chain solutions division, at the renowned Future Investment Initiative (FII) in Riyadh. This initiative highlights Saudi Arabia's strengthening position in global trade and supply chain networks. This investment aims to localize Leshines' capabilities in Saudi Arabia, aligning with the Kingdom's Vision 2030. It...

In a significant move to enhance Saudi Arabia's involvement in global supply chains, ewpartners, previously known as eWTP Arabia Capital, has announced a $50-million investment in Lenovo Group's supply chain division, Leshines. This announcement was made during the Future Investment Initiative conference in Riyadh, a prominent event that promotes transformative investments and international partnerships. ewpartners, supported by Saudi Arabia's sovereign...

Three organizations have collaborated to launch a significant supply chain financing initiative for Aramco's suppliers. Aramco, Taulia, and the Saudi Industrial Development Fund (SIDF) have signed agreements to establish this program, which is considered one of the largest globally. Ziad T. Al-Murshed, Aramco's CFO, emphasized the benefits of this FinTech solution, stating it offers suppliers a unique and competitive financing...